Mountlake Terrace, WA Real Estate

According to census data in the year 2000 there were 8,162 housing units in Mountlake Terrace. This represents a 3.9% growth from 7,854 in 1990.

Of those housing units, 8,162 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Mountlake Terrace is about 59.6%. Mountlake Terrace's vacancy rate, including seasonal lodging, is about 3.2%. Average household size is 2.55 people.

The majority of houses, apartments or condos in Mountlake Terrace were built after 1968.


Housing Size

Housing Units by Size
Studio Type2.30%
One Bedroom12.90%
Two Bedrooms33.50%
Three Bedrooms34.30%
Four Bedrooms13.20%
Five Bedrooms or more3.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.77
Median year structure was built1963
Median Value of occupied units$170,000
Median Price asked for vacant units$137,500

Rented Homes, Apartments and Condos

Average Household Size2.24
Median year structure was built1977
Median Monthly Rent asked for vacant units$738

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage9.70%
Home Equity Loan11.60%
Simple Mortgage58.40%
Debt Free20.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs22.5%